Goldman Sachs cuts bitcoin ETF holdings by 40% in Q4

Goldman Sachs significantly reduced its exposure to spot Bitcoin exchange-traded funds (ETFs) during the fourth quarter, according to its latest 13F filing. The banking giant trimmed its total holdings in these products by approximately 40%, marking a strategic shift after a period of heavy accumulation earlier in the year. Despite the substantial divestment, Goldman Sachs remains one of the largest institutional participants in the Bitcoin ETF space, holding significant positions in major funds such as BlackRock’s iShares Bitcoin Trust (IBIT) and Fidelity’s Wise Origin Bitcoin Fund (FBTC). Financial analysts suggest the move likely reflects profit-taking or a tactical portfolio rebalancing following Bitcoin’s price appreciation during the latter half of 2024, rather than a fundamental withdrawal from the digital asset ecosystem.

Source: Goldman Sachs cuts bitcoin ETF holdings by 40% in Q4

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